Two Sigma Advisers LP Purchases 4,900 Shares of EMCOR Group, Inc. (NYSE:EME)

Two Sigma Advisers LP boosted its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 36.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,200 shares of the construction company's stock after acquiring an additional 4,900 shares during the period. Two Sigma Advisers LP's holdings in EMCOR Group were worth $8,261,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Koshinski Asset Management Inc. lifted its position in EMCOR Group by 4.1% in the fourth quarter. Koshinski Asset Management Inc. now owns 656 shares of the construction company's stock worth $298,000 after purchasing an additional 26 shares during the period. Redwood Investment Management LLC bought a new position in shares of EMCOR Group during the 4th quarter worth about $1,417,000. Janney Montgomery Scott LLC boosted its position in shares of EMCOR Group by 108.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,389 shares of the construction company's stock valued at $7,439,000 after acquiring an additional 8,545 shares in the last quarter. Van ECK Associates Corp increased its stake in EMCOR Group by 5.3% in the fourth quarter. Van ECK Associates Corp now owns 9,903 shares of the construction company's stock valued at $4,495,000 after acquiring an additional 502 shares during the period. Finally, Quantbot Technologies LP acquired a new position in EMCOR Group in the fourth quarter worth about $1,192,000. Institutional investors and hedge funds own 92.59% of the company's stock.

EMCOR Group Stock Up 2.7%

NYSE:EME traded up $12.40 on Tuesday, reaching $475.72. The stock had a trading volume of 340,488 shares, compared to its average volume of 471,148. The company has a market capitalization of $21.29 billion, a P/E ratio of 24.16 and a beta of 1.18. EMCOR Group, Inc. has a 1-year low of $319.49 and a 1-year high of $545.30. The stock has a fifty day moving average price of $408.20 and a 200-day moving average price of $442.41.

EMCOR Group (NYSE:EME - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $5.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.57 by $0.84. The business had revenue of $3.87 billion during the quarter, compared to analysts' expectations of $3.78 billion. EMCOR Group had a return on equity of 34.99% and a net margin of 6.51%. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.17 earnings per share. Sell-side analysts predict that EMCOR Group, Inc. will post 20.74 earnings per share for the current fiscal year.

EMCOR Group declared that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

EMCOR Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.21%. EMCOR Group's payout ratio is currently 4.42%.

Insider Activity

In other news, CEO Anthony Guzzi sold 7,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.03, for a total value of $3,052,210.00. Following the transaction, the chief executive officer now directly owns 208,989 shares in the company, valued at $91,125,473.67. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Maxine Lum Mauricio sold 1,250 shares of EMCOR Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $370.07, for a total value of $462,587.50. Following the sale, the chief accounting officer now directly owns 27,642 shares of the company's stock, valued at approximately $10,229,474.94. This trade represents a 4.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,197 shares of company stock valued at $3,905,748 over the last 90 days. 0.83% of the stock is owned by company insiders.

Analyst Ratings Changes

EME has been the topic of a number of recent research reports. Wall Street Zen downgraded EMCOR Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Stifel Nicolaus decreased their price target on EMCOR Group from $514.00 to $503.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $494.50.

EMCOR Group Company Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.